Guerrero Olivos secures loan for Andean Telecom Partners

Law firm Guerrero Olivos has acted as Chilean counsel for Andean Telecom Partners Chile on a $170 million loan

The syndicated senior secured financing for Andean Telecom Partners, a multinational owner, operator, and manager of telecommunications infrastructure specialising in leasing space on towers to telecom operators and other wireless users across South America, was granted by a group of lenders led by the Bank of Nova Scotia.

A portion of the facility commitments are available in US dollar borrowings across separate financing facilities, with each of the three operating subsidiaries, ATP Colombia, ATP Chile, and ATP Peru, the law firm said,

The dollar-denominated facilities are additional incremental add-on facilities to the existing local currency borrowings under the longstanding financing facilities with Scotiabank with each of the three companies.

Guerrero Olivos’ team was led by partner Macarena Ravinet (pictured), with associates Tomás Montes, Pilar Illanes and Antonia Namur

ATP Holdings, ATP Colombia, ATP Chile, and ATP Peru were counselled in the US by Morrison & Foerster, with a team led by partner Randy Bullard, with associates Axel Miranda and Ana Beatriz Llerena.

Gabriel Musso acted as in-house counsel for ATP Holdings, ATP Colombia, ATP Chile, and ATP Peru.

In Peru, ATP was counselled by Garrigues, with a team led by partner Thomas Thorndike, with associates Miluska Gutierrez and Ian Forsyth, and Garrigues also acted as counsel in Colombia, and whose team was led by partner Andres Ordoñez, with associates Cristina Copete and Juan Sebastian Parra.